ITM Power (ITM)

Sector:

Energy Producers

Index:

FTSE AIM 50

52.02p
   
  • Change Today:
    -1.82p
  • 52 Week High: 98.58
  • 52 Week Low: 45.12
  • Currency: UK Pounds
  • Shares Issued: 616.88m
  • Volume: 128,964
  • Market Cap: £320.90m
  • RiskGrade: 405

RBC slashes target on ITM Power, says capacity expansion and commercial credibility key

By Alexander Bueso

Date: Tuesday 17 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Analysts at RBC slashed their target price for shares of ITM Power, the energy storage and clean fuel company, from 500.0p to 260.0p.
In particular, they pointed to their new delivery assumptions to back up the move.

They also noted that following the recently appointment of Dennis Schulz as chief executive officer "near and longer-term capacity expansion plans and commercial credibility are top agenda items for the executive."

Nonetheless, given the recent "significant" de-rating in the shares relative to peers, together with the potential for a pick up in orders in 2023, they chose to stick to their 'outperform' recommendation for the same.

Schulz was scheduled to address markets on 31 January.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ITM Power Market Data

Currency UK Pounds
Share Price 52.02p
Change Today -1.82p
% Change -3.38 %
52 Week High 98.58
52 Week Low 45.12
Volume 128,964
Shares Issued 616.88m
Market Cap £320.90m
RiskGrade 405

ITM Power Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Price Trend
73.26% below the market average73.26% below the market average73.26% below the market average73.26% below the market average73.26% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Income Not Available
Growth
31.91% above the market average31.91% above the market average31.91% above the market average31.91% above the market average31.91% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 6
Sell 5
Strong Sell 0
Total 20
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ITM Power Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
08:12 2,614 @ 52.02p
08:12 1,740 @ 52.04p
08:12 58 @ 52.62p
08:12 13,920 @ 52.62p
08:12 68 @ 52.60p

ITM Power Key Personnel

Finance Director Andy Allen

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